Online Purchases

by Gayle
(Canada)

What bookkeeping entry would you need to record a purchase made on line?

For example, two computer items were purchased on line from USA for $100.00 USD. They were both computer software items. There is a Canadian brokerage fee and a Canadian GST charge taken from the receipts.

Both of these items are a capital expense (provides lasting value) but because of the value I am not sure if I should book it as an office expense or book it to the computer asset account.

Hi Gayle,

Check out these two links:

CCA class 12 - be sure to read the note about classifying software. It is after the CCA class listing.